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Revolving Promissory Note
"Need a Revolving Promissory Note under Singapore law for a maximum facility amount of SGD 2 million, with quarterly interest payments and a maturity date of March 15, 2025, to be used for our manufacturing subsidiary's working capital needs."
1. Date and Parties: Identification of maker and payee, including full legal names and addresses
2. Promise to Pay: Unconditional promise to pay a specific sum or up to a maximum amount
3. Interest Rate: Specification of applicable interest rate and calculation method
4. Payment Terms: Details of repayment schedule and revolving nature of the facility
5. Events of Default: Circumstances that trigger immediate repayment obligation
1. Security Provisions: Details of any collateral or security, used when note is secured
2. Draw Down Mechanics: Procedure for requesting and receiving funds
3. Representations and Warranties: Maker's declarations about their status and capacity
1. Draw Down Request Form: Standard form for requesting advances under the note
2. Repayment Schedule: Table showing payment dates and amounts (if fixed)
3. Security Details: Description of any security or collateral (if applicable)
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